100 E Prairie St · Truro, IA 50257

$164,900

3 bd · 1.0 ba · 856 sqft · SingleFamily public records · 67 Days on market

Built 1880 8,712 sqft lot $193/sqft · 24% above area Est $199k · 17% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +7.5/30.0
• Appreciation +7.5/10.0
• Schools +5.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.6/10.0
• 1% rule +1.1/10.0

Listing remarks MLS

This home was bought and totally updated 2025. It is now 3 br. and 1 new full bath, All new electric in upper level, flooring walls, stairs, ceilings, closets , fixtures and insulated. main level has primary bedroom with new closet, new carpet on this level, large living room, large dining room( cherry dining room set stays) new paint every where. New central air, new slider, new front outside door. Kitchen has pantry with a roll out storage unit. All appliances stay. new roof 2022.Wood look and very spacious. New gutters, new shutters, enclosed front porch. Across from Fire station. I-35 school. 20 minutes to Mills Civic Parkway.

Key facts

• Large dining room
• New carpet
• New closet

Tags

• NEW FULL BATH
• NEW ELECTRIC
• NEW CLOSET
• NEW CARPET
• LARGE LIVING ROOM
• LARGE DINING ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $-207 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $128k (22.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $101k (38.9% below list).
• Recommended offer: $101k (38.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#464 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A; Watch: amenities F, commute F, health & safety F.
• Interstate 35 Community School District (rural): math 60% / reading 66% proficiency, ranked #197 of 289 in IA (top 68%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 28 active listings in the ZIP; 125 units permitted in Madison County in 2024 (51 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($1k loan paydown + $8k appreciation (5.0% local appreciation)).
• Madison County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $21k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $165k implies a 136% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,707 (38.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 39% concession, seller financing, or rate buy-down credit?
3. Built in 1880 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.61% ✗
• Cap rate: 4.79%
• Cash-on-cash: -5.38%
• DSCR: 0.76
• GRM: 13.6

CMA / ARV

• ARV (median comp): $199,223
• List price: $164,900
• Delta: -17.23%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Projected returns pro-forma

5.05% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.5%
• Equity multiple: 1.55×
• Total profit: $25,211
• Equity at exit: $93,935

10-year hold

• IRR: 10.2%
• Equity multiple: 2.89×
• Total profit: $87,300
• Equity at exit: $162,525

Cash invested: $46,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 50257

• Home prices YoY: 2.5%
• Active inventory: 28
• Price-to-rent: 13.6×

Monthly cashflow live

• Estimated rent: $1,007 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$69 /mo · $830/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $-207

Break-even live

Break-even rent $1,269

Max offer price $128,325

Occupancy floor —

Sensitivity live

Price	-10% $-114	-5% $-160	+0% $-207	+5% $-254	+10% $-300
Rent	-10% $-287	-5% $-247	+0% $-207	+5% $-167	+10% $-127
Rate	-1.0pp $-124	-0.5pp $-165	base $-207	+0.5pp $-250	+1.0pp $-293

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $164,900 Active 67 DOM
2. 2026-06-17
   days on market $164,900 Active 66 DOM
3. 2026-06-16
   days on market $164,900 Active 65 DOM
4. 2026-06-15
   days on market $164,900 Active 64 DOM
5. 2026-06-14
   days on market $164,900 Active 62 DOM
6. 2026-06-13
   days on market $164,900 Active 61 DOM
7. 2026-06-10
   days on market $164,900 Active 59 DOM
8. 2026-06-09
   days on market $164,900 Active 58 DOM
9. 2026-06-08
   days on market $164,900 Active 57 DOM
10. 2026-06-07
    days on market $164,900 Active 56 DOM
11. 2026-06-05
    days on market $164,900 Active 53 DOM
12. 2026-06-03
    days on market $164,900 Active 52 DOM
13. 2026-06-02
    days on market $164,900 Active 51 DOM
14. 2026-06-01
    days on market $164,900 Active 50 DOM
15. 2026-05-31
    days on market $164,900 Active 49 DOM
16. 2026-05-31
    days on market $164,900 Active 48 DOM
17. 2026-05-06
    price $164,900 638-char remark

    Show marketing remark (638 chars)

    This home was bought and totally updated 2025. It is now 3 br. and 1 new full bath, All new electric in upper level, flooring walls, stairs, ceilings, closets , fixtures and insulated. main level has primary bedroom with new closet, new carpet on this level, large living room, large dining room( cherry dining room set stays) new paint every where. New central air, new slider, new front outside door. Kitchen has pantry with a roll out storage unit. All appliances stay. new roof 2022.Wood look and very spacious. New gutters, new shutters, enclosed front porch. Across from Fire station. I-35 school. 20 minutes to Mills Civic Parkway.

18. 2026-04-28
    price $169,900 638-char remark

    Show marketing remark (638 chars)

    This home was bought and totally updated 2025. It is now 3 br. and 1 new full bath, All new electric in upper level, flooring walls, stairs, ceilings, closets , fixtures and insulated. main level has primary bedroom with new closet, new carpet on this level, large living room, large dining room( cherry dining room set stays) new paint every where. New central air, new slider, new front outside door. Kitchen has pantry with a roll out storage unit. All appliances stay. new roof 2022.Wood look and very spacious. New gutters, new shutters, enclosed front porch. Across from Fire station. I-35 school. 20 minutes to Mills Civic Parkway.

19. 2026-04-10
    price $175,000 638-char remark

    Show marketing remark (638 chars)

    This home was bought and totally updated 2025. It is now 3 br. and 1 new full bath, All new electric in upper level, flooring walls, stairs, ceilings, closets , fixtures and insulated. main level has primary bedroom with new closet, new carpet on this level, large living room, large dining room( cherry dining room set stays) new paint every where. New central air, new slider, new front outside door. Kitchen has pantry with a roll out storage unit. All appliances stay. new roof 2022.Wood look and very spacious. New gutters, new shutters, enclosed front porch. Across from Fire station. I-35 school. 20 minutes to Mills Civic Parkway.

20. 2026-04-03
    listed $185,900 Active 638-char remark

    Show marketing remark (638 chars)

    This home was bought and totally updated 2025. It is now 3 br. and 1 new full bath, All new electric in upper level, flooring walls, stairs, ceilings, closets , fixtures and insulated. main level has primary bedroom with new closet, new carpet on this level, large living room, large dining room( cherry dining room set stays) new paint every where. New central air, new slider, new front outside door. Kitchen has pantry with a roll out storage unit. All appliances stay. new roof 2022.Wood look and very spacious. New gutters, new shutters, enclosed front porch. Across from Fire station. I-35 school. 20 minutes to Mills Civic Parkway.

21. 2025-10-27
    soldstatus $70,000
22. 2025-10-24
    soldstatus $69,900 Closed 399-char remark

    Show marketing remark (399 chars)

    Good home for flip. 1 bedroom, but possible for 3 with attic access which accessor is calling 2 br. but no finish . Newer 3/4 bath, large dining and living room. Nice eat in kitchen with oak cabinetry. furniture stays. and all appliances. window air, gas forced air furnace. good corner lot with plenty of room to build a garage. Enclosed front porch. I 35 school district and close to fire station.

23. 2025-09-25
    historical 399-char remark

    Show marketing remark (399 chars)

    Good home for flip. 1 bedroom, but possible for 3 with attic access which accessor is calling 2 br. but no finish . Newer 3/4 bath, large dining and living room. Nice eat in kitchen with oak cabinetry. furniture stays. and all appliances. window air, gas forced air furnace. good corner lot with plenty of room to build a garage. Enclosed front porch. I 35 school district and close to fire station.

24. 2025-09-24
    listed $69,900 399-char remark

    Show marketing remark (399 chars)

    Good home for flip. 1 bedroom, but possible for 3 with attic access which accessor is calling 2 br. but no finish . Newer 3/4 bath, large dining and living room. Nice eat in kitchen with oak cabinetry. furniture stays. and all appliances. window air, gas forced air furnace. good corner lot with plenty of room to build a garage. Enclosed front porch. I 35 school district and close to fire station.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $830 · $69/mo
• Projected year-2 tax: $1,709 · $142/mo
• Expected delta: +$879/yr (+$73/mo · 106.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,085
• − Mortgage interest: −$9,237
• − Property taxes: −$830
• − Insurance: −$824
• − Repairs & maintenance: −$967
• − Management: −$967
• − Depreciation: −$4,797
• Taxable loss: −$5,537
• Est. tax savings @ 24.0%: +$1,329
• After-tax cash flow: $-1,156/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Interstate 35 Community School District
• NCES district ID: 1914670
• Math proficiency: 60% ▼ -8.00%
• Reading proficiency: 66% ▼ -1.00%
• Median HH income: $64,996
• Composite: 54.98/100
• National rank: #1300
• State rank: #197 of 289 in IA

Livability — Truro

• Score: 67/100
• State rank: #464
• US rank: #10211

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment B- Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Truro, IA
• Population (ZIP): 1,022

Population outlook (Madison County) Hauer SSP2

• Today (2025): 15,715 people
• By 2030: 15,565 · -1.0%
• By 2040: 15,203 · -3.3%
• By 2050: 14,640 · -6.8%
• By 2075: 13,384 · -14.8%
• By 2100: 11,967 · -23.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Slovak 6% Iranian 4% Portuguese 4%
• Foreign-born: 1% · Canada, Guatemala
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 3%

Political lean MEDSL · Madison

• 2024 margin: Solid R (+38.6) · D 30.1% · R 68.7% · Other 1.2%
• 2008→2024 swing: -28.6pp toward R · 2008: -10.0pp · 2024: -38.6pp
• All cycles: 2024: R+38.6 2020: R+34.3 2016: R+31.3 2012: R+12.1 2008: R+10.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.05%
• Current HPI: 203.9831
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+135.9% since first listed

8 events — show timeline

• 2026-05-06 Price Changed $164,900 DMMLS
• 2026-04-28 Price Changed $169,900 DMMLS
• 2026-04-10 Price Changed $175,000 DMMLS
• 2026-04-03 Listed $185,900 DMMLS
• 2025-10-27 Sold (Public Records) $70,000 Public Records
• 2025-10-24 Sold (MLS) $69,900 DMMLS
• 2025-09-25 Listing Removed — DMMLS
• 2025-09-24 Listed $69,900 DMMLS

Property tax history

+2.5%/yr

Latest (2025): $830 · -17.3% YoY. Source: county tax records.